Invoice validation
Prevent downtime in invoice processing by having invoice data automatically validated.
Prevent bill failure
Automatic invoice processing is interrupted if the information on the invoice is incomplete or incorrect. It will then have to search for the error and then correct or complete the invoice itself. Even a missing or incorrect VAT number can cause an employee to take action. By automatically validating incoming invoices for validity and correctness before invoice processing takes place, invoice dropouts can be prevented.
Validation can take place, for example, on the basis of data from the ERP or order system, but also on the basis of external data sources, such as the Chamber of Commerce or the VAT database of the European Commission. For example, supplier recognition can be set up by a combination of IBAN, VAT and Chamber of Commerce number.
Validation of XML invoices
Invoices can only be validated automatically if they are available in data form (XML). So PDF invoices will first have to be converted to e-invoices (XML invoices).
By converting to e-invoices as well as validating invoice information, the quality of invoice data and the efficiency of invoice processing is greatly enhanced.
Get to know our sister company 4Exchange. They convert and validate invoices and other types of documents to and from suppliers and customers.
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